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By D Kepert

It is the role of the exploration geologist to create wealth through the discovery, delineation and characterisation of economic mineralisation. This requires a critical depth of geological understanding.Unfortunately, the resource industry is well known for its cyclic nature. Many of the current generation of workers have only ever experienced the boom of the ‘super-cycle’ and are only just discovering the negative side to the business. For the case of the geologist and especially the exploration geologist, the magnitude of peaks and troughs are usually amplified and may become destructive to all parties. During the uptime a healthy stream of exploration good news becomes the staple diet of company releases, in particular those of junior companies attempting to bolster the share price. The geological knowledge and experience gained thus forms a significant and integral part of the value and therefore, future of a company. On the downturn it is often viewed that geologists are a luxury, an optional extra and a burden on the bottom line with companies entering a period of memory loss and myopia.Retention of geological knowledge however remains critical as projects, companies and cycles mature. Beyond exploration per se, this knowledge becomes both fundamental in de-risking and commercialising an asset (through development or divestment) and in positioning the company for cyclic or counter-cyclic opportunities.The growth and retention of this knowledge base is difficult to quantify in terms of direct value but becomes one of a successful resource companies greatest assets. At worst, its loss can lead to millions of investors’ funds wasted on missed opportunities, drilling, or poorly designed plant and mine.But the rocks are around for the longer haul and pay little notice to the vagaries of the scurrying of Man.This paper reflects on some of the authors own observations through 25 years of iron ore exploration, in why it is critical to always rigorously question the prevailing geological (mis)understanding and the technical and commercial benefits which that may bring, and looks forward to the future.CITATION:Kepert, D, 2015. Geology – the affirmative case, in Proceedings Iron Ore 2015, pp 285–298 (The Australasian Institute of Mining and Metallurgy: Melbourne).

Jul 13, 2015

By G. Richards

Research shows that having more women in the top mining jobs can bring bottom-line benefits. Mining companies are starting to embrace the need for greater gender diversity at board and senior management levels, figures and examples are given.

Jul 1, 2015

By D Craw, P Upton

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. The Otago Schist belt of southern New Zealand hosts widespread orogenic gold deposits. Erosion of these orogenic gold deposits has led to the formation of numerous placer deposits distributed across and beyond the host schist belt. Numerical modelling of crustal scale deformation and geomorphic evolution has defined the key tectonic features that have controlled the severance of detrital gold deposits from their sources. Tectonic activity over the past 20 million years, during development of the modern Pacific-Australian plate boundary, has severed links between some placers and their sources. Detrital gold was transported south from the Otago Schist source region in two different river systems in the Miocene. Mesozoic orogenic gold deposits shed gold into rivers that flowed to the south. These rivers were terminated by the rise of north-west-trending basement ridges at the boundary between weak schist crust and strong greywacke crust, and the ridges were controlled by pre-existing faults at that rheological boundary. In contrast, rising mountains close to the developing plate boundary in the Miocene were the locus of new orogenic gold deposits hosted in extensional faults. These gold deposits were rapidly exhumed and contributed detrital gold to orogen-parallel Miocene rivers that flowed to the south-west. Pleistocene deformation on mainly north-west and north-east orientations, and associated river capture, has severed the links between these Miocene orogenic deposits and downstream detrital gold.CITATION:Craw, D and Upton, P, 2015. Tectonic severance of links between placer gold and its sources, southern New Zealand , in Proceedings PACRIM 2015 Congress, pp 541–544 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By A Harris, N Fitzpatrick, F MacCorquodale

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. The Gosowong epithermal Au-Ag deposits, located on the island of Halmahera, North Maluku Province, Indonesia, are owned and operated by PT Nusa Halmahera Minerals, a joint venture between Newcrest Mining Limited (75 per cent) and PT Aneka Tambang Tbk (25 per cent).The Gosowong deposit was a greenfields discovery in 1994. Subsequent brownfields discoveries, most recently in 2009, have resulted in a total endowment of more than 6 Moz Au. The three main deposits include Gosowong, Toguraci and Kencana, and as of December 2013, production comprised 5.7 Mt Au at 24 g/t for 4.3 Moz with remaining resources of 4.2 Mt Au at 13 g/t for 1.7 Moz.Mineralisation primarily occurs in multistage veins, breccias and stockwork veins, with at least four texturally- and mineralogically-distinct vein events, including: banded crystalline quartz, quartz-adularia, quartz-chlorite and quartz-sulfide stages. Vein mode, texture and mineralogy are zoned around areas of maximum dilation, vein width and vein grade. Within banded quartz-chlorite, grades of >1000 g/t Au are common. Anomalous Au-Ag-Pb-As-Sb-K-Li geochemistry in rocks is commonly associated with the epithermal mineralisation. Four major types of hypogene alteration are recognised at Gosowong: silicification (quartz-illite-adularia-pyrite) within the immediate vein zone, argillic (illite-quartz-pyrite) alteration enveloping the vein zone, advanced argillic (dickite-kaolinite-quartz) alteration above and adjacent to the vein zone and within the overlying Kayasa Formation, and propylitic (chlorite-epidote-albite-calcite-pyrite) alteration within the footwall and distal to the vein zone.CITATION:Fitzpatrick, N, Harris, A, MacCorquodale, F and Wardiman, D, 2015. The Gosowong goldfield – a world-class epithermal gold-silver district in Indonesia , in Proceedings PACRIM 2015 Congress, pp 235–242 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By J S-L Chan

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. Cu-Ag-Au mineralisation at Kluwih prospect in Eastern Java, Indonesia is related to a high-sulfidation hydrothermal system within a volcanic dome (2.35 × 1.7 km diameter). The mineralisation occurs mainly in steeply dipping, structurally-controlled quartz-enargite-pyrite veins (several centimetres to 2 m wide) and is hosted mainly in porphyritic dacite, volcaniclastic rocks and volcanic breccia of the dome and in an underlying andesite that yielded a zircon U-Pb age of 11.5 Ma.Short wave infrared spectrometer analyses were carried out for alteration mapping at Kluwih. There are two main stages of alteration produced by the hydrothermal activity. The alteration mineral assemblages indicate an advanced argillic alteration. The Cu mineralisation occurred in the form of enargite and subordinate chalcopyrite with an intergrown texture in the early stage. These mineralised veins are characterised by narrow pyrophyllite ± diaspore and dickite selvages (metres wide) and a peripheral K-muscovite envelope (sericitic alteration) up to 100 m wide. The K-muscovite envelope is zoned outward to Na-muscovite or Na-illite. Late-stage kaolinite and smectite alteration overprints the porphyritic dacite and may obscure the nature of early mica-clay alteration. The spatial distribution of different alteration assemblages suggests that the temperature of hydrothermal fluid increases with depth.Both the high-sulfidation mineralisation and advanced argillic alteration are suggested to be related to magmatic-hydrothermal fluids, which are likely to originate from an undiscovered deeper porphyry Cu-Au system below the porphyritic dacite. Based on alteration mapping results and comparisons to similar deposits, the porphyry intrusion could be up to 500 m below the volcanic dome. Further geochemical and mineralogical studies may help to target the potential underlying porphyry system.CITATION:Chan, J S-L, 2015. High-sulfidation epithermal Cu-Ag-Au deposit, Kluwih, eastern Java, Indonesia – alteration and implications for potential porphyry cu mineralisation, in Proceedings PACRIM 2015 Congress, pp 213–218 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By K Prendergast, P Dale, I Taylor, A J. Vigar, B Lueck

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. The Kainantu Project is located within the New Guinea Thrust Belt in northern Papua New Guinea. The area has a long history of exploration and production, with the discovery of alluvial gold in 1928 followed by the discovery of vein deposits of gold and copper at Kora in the 1950s and the current Irumafimpa vein gold mine. Current resources on the Kora-Irumafimpa Vein System (KIVS) stand at 1.5 Moz Au, 5 Moz Ag and 217 Mlb Cu.Mineralisation in the region includes gold, silver and copper associated with mid-Miocene age mafic to felsic intrusions. The KIVS occupies a broad north-west-trending mineralised zone more than 2.5 km long and 200 m wide, with the Kora, Eutompi and Irumafimpa veins on the western side and the Judd and Upper Kora veins on the eastern side. Economic mineralisation occurs in two closely related events occupying the same strongly structurally controlled shearing (quartz-Au-telluride veins and sulfide Au-Cu-Ag veins with free Au) and is best described as a significant intrusion-related event with both epithermal and mesothermal facets that does not appear directly related to known porphyry Cu-Au systems as seen at the surface. Significant wolframite is associated with vein quartz of a slightly older age but also occupies the same shear system.The KIVS occurs within a larger mineralised area of approximately 5 × 5 km. It has complex multiphase intrusions, breccias and diatremes that are only partly delineated by drilling and comprises multiple occurrences of Au-bearing veins and porphyry Cu-Au mineralisation. The area is considered to have high potential for extending the current resources and is being actively explored. The proposed recommencement of mining activities recognises the complexity of the KIVS and later disruptive faulting and will require tighter grade control systems, targeted mining techniques and a gravity circuit to maximise free Au recovery.CITATION:Vigar, A J, Lueck, B, Taylor, I, Prendergast, K and Dale, P, 2015. Kainantu gold-copper system, Papua New Guinea, in Proceedings PACRIM 2015 Congress, pp 601–606 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By F Pirajno

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. China’s mineral deposits are the result of metallogenic processes associated with the geodynamic evolution of tectonic plates and eventual amalgamation into their modern configuration. The principal tectonic provinces of China comprise the North China Craton, Yangtze Craton, Cathaysia Craton, Tarim block, Altay-Tianshan-Hinggan orogens (part of the Central Asian Orogenic Bel), Central China orogens, Songpan-Ganze orogen and Alpine-Himalayan fold belts, which are part of the huge Tethysides. These tectonic elements are testimony to a complex geological history spanning more than 3000 million years. This contribution will focus on selected areas of the Altay-Tianshan, the fold belts surrounding the North China Craton and Yangtze Craton and the mineral systems along the Ailaoshan-Red River fault zone. Mineral deposits in these provinces include gold, copper, molybdenum, tin, antimony, nickel, platinum group elements, lead and zinc.CITATION:Pirajno, F, 2015. Metallogeny and related tectonic settings in China , in Proceedings PACRIM 2015 Congress, pp 17–24 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By J Ward, B Rohrlach, B Rosero, J Silva, O Poma

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. The Alpala copper-gold deposit is a recent, high-grade porphyry Cu-Au discovery located in the Imbabura Province of north-western Ecuador. The deposit lies along the crustal-scale Chimbo-Toachi Fault Zone within the Dagua-Piñon terrane, which is an oceanic plateau accreted to the South American convergent margin in the Late Cretaceous. The deposit is hosted by quartz diorite stocks that intrude andesitic volcanic breccias of the Oligocene to mid-Miocene San Juan de Lachas Formation. Miocene-age calc-alkaline plutonism is associated with porphyry Cu, Cu-Mo and Cu-Au deposits in southern and northern Ecuador. The Alpala deposit lies along a sector of the Miocene arc that has recently been underplated by the Carnegie Ridge seamount chain that induced shoaling of the subducted Nazca plate beneath northern Ecuador.Surface expressions of the deposit were recognised in May 2012 during follow-up of stream sediment anomalies, when outcropping sheeted and stockwork porphyry-related veins were discovered in Quebrada Alpala. The roots of a NW-trending, structurally-controlled lithocap were recognised over an area of 4.5 × 0.9 km. The remnant lithocap exhibits well-defined mineral zonation mapped by TerraSpecTM analyses on grid soil samples. Soil sampling, heliborne magnetic surveying and channel sampling defined initial drill targets.Seven diamond drill holes were completed in the year from September 2013. Drill hole CSD-13-005 intersected 672 m grading 0.93 per cent Cu and 0.91 g/t Au in high-temperature, inner propylitic and locally potassic-altered quartz diorite intrusions. Overlying hydrothermal clay alteration assemblages define the base of the lithocap. A NW–SE trending footwall structure defines the south-west margin of the deposit. Drill hole 5 intersected high-grade sheeted ‘B-type’ and ‘C-type’ veins (Gustafson and Hunt, 1975) that lie along the south-west margin of an 1100 × 500 m magnetic anomaly that is the focus of ongoing exploration.CITATION:Rohrlach, B, Poma, O, Rosero, B, Silva, J and Ward, J, 2015. High-grade porphyry copper-gold mineralisation in north-west Ecuador – The Alpala Cu-Au porphyry discovery , in Proceedings PACRIM 2015 Congress, pp 369–376 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By J Williamson, M Griessmann

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. The Watershed tungsten deposit is located in the Hodgkinson Province of north Queensland, Australia. The deposit is hosted by Siluro-Devonian flysch-type meta-sediments of the Hodgkinson Formation, which were subjected to four major deformation events. Mineralisation has occurred syn- to post-D4 and is related to the intrusion of S-type granitoids of the Permian Whypalla Supersuite.Watershed is located within a regional NW–SE-striking melange zone composed of brecciated and intermixed arenites and shales. The major NW–SE-striking Tullah fault zone is situated in close proximity to the east of the deposit.The Watershed deposit occurs within a tightly folded upright anticline with NW-plunging fold axis. The anticline contains a major package of coarse-grained to conglomeratic arenite, which harbours the Watershed mineralisation. Several alteration styles occur within the arenites, of which Fe-poor calc-silicate alteration dominated by clinozoisite/epidote is the most significant. Less widespread but locally important alteration styles comprise garnet-dominated calc-silicate alteration, albitisation and sericitisation. The arenites are enveloped by unmineralised carbonaceous shales and shale breccias.Tungsten mineralisation occurs solely as molybdenum-poor scheelite and can be found as three styles: disseminated mineralisation in calc-silicate altered arenites, vein-style mineralisation with quartz-albite-scheelite veins and minor but high-grade mineralisation in albitised felsic dykes.Contact metamorphic rocks and geophysical data indicate the proximity of an underlying granitic body. It is believed that this granitic body was the main driver of the hydrothermal system generating the Watershed deposit. An early mineralisation stage caused the selective calc-silicate alteration of the arenites, while a second stage caused the vein-style high-grade mineralisation. The folded shales enveloping the arenites worked as an effective barrier that kept the mineralising fluids in a confined rock volume.The scheelite mineralisation at Watershed is open to depth, with a granite-hosted porphyry or greisen-style mineralisation anticipated below the current resource.CITATION:Griessmann, M and Williamson, J, 2015. The calc-silicate-hosted Watershed tungsten deposit, far north Queensland, Australia , in Proceedings PACRIM 2015 Congress, pp 545–550 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By Z S Chang, T F. Zhou, G X. Zhong

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. The Yaojialing zinc-gold polymetallic deposit is a newly discovered, large skarn deposit in the Middle-Lower Yangtze metallogenic belt, East China. It is located in the transitional zone between the Tongling uplift block and the Fanchang faulted basin. It is mainly hosted in the contact zone between early Cretaceous granodiorite porphyry and Carboniferous-Triassic limestone, or occurs in limestone xenoliths within the intrusion. Skarn and stratabound massive sulfide orebodies are the primary ore styles. Sulfide ?34SV-CDT values indicate a magmatic sulfur source, in common with most deposits in the Tongling block. Calcite d13CV-PDB and d18OV-SMOW ratios reveal that marine carbonates were the major source of carbon in late-stage hydrothermal fluids. The calcite probably formed during interaction between magmatic fluids and carbonate wall rock.CITATION:Zhong, G X, Zhou, T F and Chang, Z S, 2015. Geology, chronology and isotope geochemistry of the Yaojialing zinc-gold deposit, Tongling ore district, Anhui Province, China, in Proceedings PACRIM 2015 Congress, pp 457–462 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By S L. Garwin

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. Since the Eocene, New Guinea tectonics have been driven largely by the south-westerly-directed collision of accreted arc terranes with the northern margin of the Australian Craton, and subsequent westerly-directed transport of these exotic terranes by left-lateral strike-slip fault systems. The subduction of the Solomon Sea plate beneath north-eastern New Guinea in the mid- to late-Miocene led to magmatism and related gold-copper porphyry and epithermal mineralisation in the Maramuni arc and the formation of the Frieda River, Nena, Wafi-Golpu and other deposits.The development of the world-class porphyry and epithermal deposits in the Medial New Guinea magmatic belt, including Grasberg, Ok Tedi and Porgera, is localised by dilational zones formed about the intersections of north-easterly-trending, reactivated basement faults and north-dipping reverse faults related to the southward progression of the Papuan fold belt during the Late Miocene to Pleistocene. These deposits probably formed during short mantle-derived magmatic episodes in zones of regional isostatic uplift, which are attributed to the delamination of the lithospheric mantle beneath New Guinea.CITATION:Garwin, S L, 2015. The tectonics, geology and gold-copper metallogeny of New Guinea, in Proceedings PACRIM 2015 Congress, pp 151–164 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By G de Jong, W Sunyoto, K Sari, P Silalahi

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. The Big Gossan mine is operated by PT Freeport Indonesia and is one of the largest stope-and-fill mining systems in the world. The Big Gossan deposit is a ~200 m wide, 1200 m long and 500 m high steeply north-east-dipping to subvertical skarn body at the Cretaceous-Tertiary Ekmai-Waripi contact. The copper-gold mineralisation, with a 1.3 per cent copper equivalent cut-off grade, occurs mainly proximal to the Ekmai-Waripi contact in the garnet-clinopyroxene prograde skarn at the base of the Tertiary Waripi formation and partly distal to the contact in the tremolite-actinolite retrograde skarn of the Tertiary Waripi formation.The Big Gossan stope mine is designed from 2540 m to 3020 m above sea level. Present active stoping operations occur at level 2540 mL to level 2640 mL and are done in a primary and secondary stoping sequence. The width and length of the stopes is 15 m and 20 m respectively, while the height of the stope varies between 20 m and 40 m, depending on the ground conditions. The stability of the stopes is visualised in the Mathew’s Stope Stability graphs. These graphs and actual Cavity Measurement Scanner measurements on the stope will predict and show the overbreak and underbreak, which affect the reconciliation of the mined stope and also the pillar stability between the primary stopes. Geological factors like major structures, joints, veins and alteration intensity are important factors that correlated with the stability of the Big Gossan stopes.CITATION:Sari, K, de Jong, G, Silalahi, P and Sunyoto, W, 2015. Stope stability at the Big Gossan skarn deposit, Papua, Indonesia, in Proceedings PACRIM 2015 Congress, pp 139–146 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By E Lounejeva, J A Halpin, A Chappaz, D D. Gregory, S Wu, T Lyons, P J. Sack, R R. Large, S W. Bull

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. Newly published models suggest that some orogenic and Carlin-style gold deposits formed by the remobilisation of trace elements during interaction with hydrothermal or metamorphic fluids from early sedimentary pyrite that was enriched in Au, As and Te. The released trace elements are transported by the fluids to favourable trap sites where they are deposited. Therefore, early enrichment of Au, As and Te in source rocks (particularly in pyritic black shale) can be crucial to the formation of orogenic and Carlin-style gold deposits.The most important cause of the enrichment of gold and other trace elements in the sedimentary basins has been examined in this study to determine which basins are the most prospective for the development of orogenic gold deposits. An important influence for Au and other associated trace element accumulation in sedimentary pyrite is the temporal variation of trace element content in the oceans, as revealed by a database of over 1400 analyses of pyrite from black shale through geologic time. It is inferred that sediments coeval with those where sedimentary pyrite is enriched in Au and associated trace elements are more likely to be source rocks of orogenic and Carlin-style gold deposits.Factor analysis of the trace element content of pyrite through geologic time was conducted to investigate the multivariate relationships amongst trace elements and how these chemical factors explain the uptake of trace elements. One important factor includes Te, Au, Pb and Bi content. The incorporation of these large cations into pyrite is enhanced by As3+ substituting for Fe in pyrite lattice. The As3+ ion occurs in relatively oxidised environments and, thus, it is expected that shales deposited in non-euxinic waters are better source rocks for orogenic gold deposits.The examination of both the time in which the sediments were deposited and the redox conditions of the basin, and the ocean more broadly, can be used as a guide to approximate the extent of a basin’s fertility. To illustrate the use of this exploration tool, examples from the unmineralised Jet Rock Formation (UK) and the mineralised Castlemaine Group (Bendigo, Australia) are presented in this paper.CITATION:Gregory, D D, Large, R R, Halpin, J A, Lounejeva, E, Wu, S, Bull, S W, Sack, P J, Lyons, T and Chappaz, A, 2015. Accumulation of trace elements into black shale – how to identify a viable source rock for orogenic and Carlin-style gold deposits , in Proceedings PACRIM 2015 Congress, pp 59–64 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By R G. Skirrow, M Cooper, J Claoué-Long, K Czarnota, H Dulfer, J Thorne, D C. Champion

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. Tholeiitic intrusion-hosted nickel (PGE-Cu) sulfide deposits are under-represented in Australia’s inventory of known resources of this deposit type, relative to regions globally with comparable geology. To support discovery of major new deposits, a continental scale analysis of Australia’s potential for tholeiitic intrusion-hosted nickel (PGE-Cu) sulfide deposits is being undertaken. The analysis applies a mineral systems approach to map the four essential components of the ore-forming systems:1. sources of ore constituents2. crustal and mantle lithospheric architecture3. energy sources or drivers of the ore-forming systems4. gradients in ore depositional physico-chemical parameters.The results reveal several regions of Australia with potential for discovery of large tholeiitic intrusion-hosted nickel (PGE-Cu) sulfide deposits, mostly around the margins of Archean and Proterozoic lithospheric blocks. These include the south-east and northern margins of the Yilgarn Craton, the south-west and south-east margins of the Kimberley Block, the southern margin of the Arunta Province in central Australia, the western flank of the Gawler Craton in South Australia, and possibly some areas within the Palaeozoic Lachlan Orogen of eastern Australia.CITATION:Skirrow, R G, Dulfer, H, Czarnota, K, Champion, D C, Thorne, J, Cooper, M and Claoué-Long, J, 2015. Australia’s potential for nickel sulfide ore systems – a new continental-scale time-space framework for exploration, in Proceedings PACRIM 2015 Congress, pp 679–684 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By A Keogh, P Allen, P Stoker

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. Private equity (PE) firms are comparatively free of mandatory requirements for the level and scope of due diligence applied prior to making investment decisions in minerals projects when compared to listed entities, sovereign funds or financial institutions adopting the Equator Principles (Equator Principles Association, 2013). While this freedom allows for flexibility, agility and innovation in making investment decisions, it can also expose PE firms to material risks that may impact their ability to successfully list the projects or attract later financing.Financial institutions and investors with mandatory due diligence and disclosure standards may refrain from investment in or acquisition of a project if it fails to meet various performance requirements. There are many high-profile projects that have suffered significant write-downs on book value after acquisition because specific non-mining issues were not adequately assessed. Thus, a PE firm may be left with an asset that is difficult to divest and incapable of securing development finance.PE firms can manage this risk by being aware of the growth trend in the adoption of ‘international standards’ in addition to host nation standards and legislative requirements. This paper outlines key issues for PE firms to address to maximise the chances of obtaining funding or successfully taking an exploration or mining project through to listing or divestment. Two steps are required: identification of gaps in performance and priority matters of interest to financial institutions and development of action plans to ensure that the priority requirements are met or capable of being met.A PE firm can set its project for success by understanding the social and environmental performance requirements of international standard financiers and by setting the project on the right path to meeting these requirements, and thus making it an attractive investment.CITATION:Allen, P, Stoker, P and Keogh, A, 2015. Setting for success – private equity exploration and mining project buy-in to listing and divestment , in Proceedings PACRIM 2015 Congress, pp 93–100 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By G Ma, L Qi, J G. Shellnutt

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. The Emeishan large igneous province (ELIP) of SW China is host to magmatic Ni–Cu–(PGE) sulfide and Fe–Ti–V oxide deposits which contain economic to subeconomic concentrations of precious and base metals. The formation of a given deposit-type (ie sulfide versus oxide) is thought to be related to the type of parental magma (ie high-Ti versus low-Ti) and the subsequent processes (ie fractional crystallisation and sulfide segregation), which allowed for metal enrichment.We examined the PGE of Baima and Taihe oxide-bearing layered mafic intrusions from the ELIP (Shellnutt, Ma and Qi, in press), and compared them with the nearby Xinjie and Hongge intrusions as well as with the Emeishan flood basalts. The PGE results for the two intrusions are contrasting. The Baima gabbroic rocks are almost PGE-barren (SPGE < 4 ppb) whereas the Taihe gabbroic rocks are variable, but generally much higher in PGE concentrations (SPGE < 2 to ~300 ppb), although the gabbros from both intrusions are enriched in platinum-subgroup PGE (PPGE = Rh, Pt and Pd) relative to iridium-subgroup PGE (IPGE = Os, Ir and Ru). Cu/Zr, Ni/Ir, Y/Pt, Cu/Pd and Ni/Ir systematics suggest that the Baima rocks were derived from a relatively evolved, mafic, S-undersaturated parental magma that was affected by earlier sulfide segregation. In contrast, the Taihe rocks record evidence of both S-saturated and S-undersaturated conditions and that the parental magma was likely emplaced very close to S-saturation. Through comparison of the PGE contents in the Emeishan flood basalts and the Emeishan oxide-bearing intrusions, we provide a self-consistent model for ELIP that the PGE budget in a magma is not strictly controlled by magma series (high-Ti versus low-Ti), but very much by crustal contamination.CITATION:Ma, G, Shellnutt, J G and Qi, L, 2015. Platinum group elements in the Baima and Taihe Fe-Ti oxide-bearing gabbroic intrusions of emeishan large igneous province and problems on propensity of magma series for sulfide- versus oxide-dominated deposit types, in Proceedings PACRIM 2015 Congress, pp 303–310 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By R G. Barker, A B. Christie

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. More than 11 Moz of Au and 50 Moz of Ag have been produced from epithermal deposits in New Zealand, almost entirely from 50 deposits in the Hauraki goldfield. Since the 1980s, new deposits have been discovered at Waihi (Favona, Trio, Correnso) and nearby at Golden Cross. Feasibility studies into reopening the Talisman mine at Karangahake are continuing, and advanced projects with preliminary inferred resource estimates are reported at Wharekirauponga, Neavesville and Muirs. In the Taupo Volcanic Zone, 11 prospects have been drilled, resulting in the definition of large but low-grade Au-Ag resources at Ohakuri. In Northland, several Au, Ag and/or Hg prospects are known, and small quantities of Ag and Hg have been mined. Six prospects have had some drilling, with the most advanced exploration at Puhipuhi. The application of Taupo Volcanic Zone geothermal systems research to the modelling of former hydrothermal mineralising processes in some epithermal prospects has enabled better targeting of exploration.CITATION:Christie, A B and Barker, R G, 2015. Exploration for epithermal gold deposits in New Zealand, in Proceedings PACRIM 2015 Congress, pp 533–540 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By R H. Sillitoe

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. Geological concepts are employed routinely in porphyry copper exploration at the area selection, prospect appraisal and deposit definition stages. Regional, district-scale, deposit-scale and laboratory-based concepts can all play a role, with the resulting porphyry copper models providing templates for the integration of geochemical and geophysical responses and interpretations. Of the 19 concepts and parameters selected for brief discussion, those relating to subdivision of porphyry intrusions, understanding of diverse and commonly complex alteration-mineralisation patterns and lithocap characterisation are undoubtedly the most influential in exploration. Several of them are of particular importance because of their role in promoting grade development. Additional belt-, district- and deposit-scale features are currently little used but hold promise, whereas others have less practical value but help in underpinning the evolving porphyry copper genetic model.CITATION:Sillitoe, R H, 2015. Recent advances in porphyry copper geology and their exploration utility , in Proceedings PACRIM 2015 Congress, pp 35–44 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By R R. Large

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. The formation of orogenic gold deposits is commonly a two-stage process. The first stage involves preconcentration of gold in a suitable source rock, such as carbonaceous black shales, felsic volcaniclastics or komatiitic volcanics. The second stage involves the release of gold (commonly with arsenic and/or tellurium) from the source rocks during metamorphism or magmatic intrusive events, accompanied by the replacement of source rock pyrite by pyrrhotite. Recent research suggests that synsedimentary gold trapped in the structure of diagenetic arsenian pyrite in reduced carbonaceous facies of continental margin sedimentary basins is an ideal source of gold for many orogenic and Carlin-style gold deposits. The conversion of diagenetic arsenian pyrite to pyrrhotite during basin closure and greenschist facies metamorphism is the key process releasing gold and arsenic to the metamorphic fluid, with metal deposition in structural trap sites to form the deposits.CITATION:Large, R R, 2015. Orogenic gold deposits – a two-stage process of gold enrichment, in Proceedings PACRIM 2015 Congress, pp 335–340 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015

By J W. Hedenquist

"An EXTENDED ABSTRACT is available for download. A full-length paper was not prepared for this presentation. Epithermal deposits (Au or Ag dominant, ± base metals) form within ~1 km of the surface in volcanic belts, both arcs and rifts, with the different tectonic settings reflected in distinctly different characteristics. Within arcs, deposits are typically intrusion centred and commonly associated with hypogene advanced argillic alteration, both in lithocaps and as halos to shallow or proximal portions of some veins; such alteration is coupled with processes that form porphyry Cu-Au deposits at depths of ~1–3 km. Introduction of metals is related to the subsequent phyllic-stage overprint; if this fluid rises to the level of the lithocap or into epithermal veins, Au mineralisation with Cu or Ag may occur, associated with sulfate minerals or muscovite. By contrast, Au-rich (both low Ag:Au ratio and bonanza grade) colloform quartz veins form at shallow depths in volcanic rifts, typically within a few hundred metres of the surface, with clay halos and topped by silica sinter if the palaeosurface is preserved. The geologic variability in volcanic belts, including host rocks, structures and hydraulic gradients, means that many epithermal deposits vary from the end-member features of the principal styles. Effective exploration requires familiarity with end-member styles as well as potential variations, plus the mineralogical indicators of palaeotemperature (eg evidence for erosion depth, fluid flow channels). This knowledge helps the geologist in the field to imagine what might be buried and where, and how to best test the target with drilling.CITATION:Hedenquist, J W, 2015. Recent developments in understanding of and exploration for epithermal deposits in volcanic arcs , in Proceedings PACRIM 2015 Congress, pp 11–16 (The Australasian Institute of Mining and Metallurgy: Melbourne)."

Mar 18, 2015